Finance

A Bank of America customer uses a bank card Kelsey Kaspar | Bloomberg | Getty Images A glitch at the Federal Reserve on Thursday delayed direct deposits and other financial transactions at banks across the U.S. A statement from Federal Reserve Bank Services said its automated clearing house (ACH) network began “experiencing a disruption on December

U.S. Democratic presidential candidate and former U.S. Vice President Joe Biden. Steve Marcus | Reuters Joe Biden’s fundraising network is about to get a big boost just in time for 2020. Marc Lasry and Blair Effron, two of the most influential and prolific Wall Street Democratic fundraisers, are lining up behind the former vice president

Traders on the floor of the New York Stock Exchange. Brendan McDermid | Reuters This decade’s surge in corporate debt could pressure stocks in 2020 as corporate earnings slow to a crawl, hurting the ability of companies to timely repay that debt and keep the solid credit ratings that allow them to borrow so cheaply,

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming giant’s stock rose more than 3% after the company disclosed figures

A FedEx plane is parked at Ontario International Airport on February 4, 2019. Check out the companies making headlines after hours on Tuesday: FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company’s second quarter, FedEx reported adjusted earnings per share

Kevin Lamarque | Reuters On Nov. 25, 2008, the Federal Reserve launched the shot heard around the financial world. The U.S. central bank announced it would start using digitally created money to buy mortgage debt in an effort to drive down interest rates and resuscitate a dead housing market. Along with a series of cuts

National Economic Council Director Larry Kudlow maintained a cautious optimism around the trade agreement struck by China and the U.S. He told CNBC’s “Power Lunch” on Friday the deal should lift business confidence, but “we will see how it works. We will see if the Chinese stay with their word.” China and the U.S. agreed

President Donald Trump speaks to reporters in Washington, December 7, 2019. Erin Scott | Reuters The trade deal agreed to by the U.S. and China diffuses tensions between the world’s two largest economies, and could help boost corporate profits and the global economy next year, analysts say. That would be a positive for stocks and

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With trade tensions toned down, stocks have clearance to rally into year-end, a traditionally positive time for stocks. Stocks surged to record highs in the past week, as the U.S. and China moved to announce a phase one trade deal

J.P. Morgan Chase CEO Jamie Dimon told employees that he’s “disgusted by racism and hate in any form” after a New York Times report detailed instances of discrimination at the bank’s branches. “We must make sure that the culture we aspire to reaches every corner of our company,” Dimon said in a memo sent late

China has been uncharacteristically quiet ever since news broke that the U.S. had agreed to a phase one trade deal in principle with the Chinese. But that will change soon on Friday. Chinese officials are set to hold a press conference regarding the trade talks on Friday, at 10:30 p.m. Beijing time and 9:30 a.m.

Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images U.S. stocks on Friday were set to add to their Thursday rally as China and the U.S. neared the signing of a “phase one” trade deal, removing a key uncertainty for investors less than three

More than 200,000 Robinhood users are “already in line” for fractional stock trading on the app in the few hours since it announced the service, co-CEO Vladimir Tenev told CNBC’s Jim Cramer on Thursday. “The early signs are really promising,” Tenev said on “Mad Money.” “We just have to keep focus on what we’ve always

President Donald Trump delivers remarks at a Keep America Great Rally at the Rupp Arena in Lexington, Kentucky, November 4, 2019. Yuri Gripas | Reuters President Donald Trump is not expected to impose new tariffs on China this weekend, but he may not have much of a trade deal to show either. That promise, however,

A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check out the companies making headlines after the bell: Shares of Lululemon Athletica slipped 5% during extended trading Wednesday despite the

Federal Reserve Chairman Jerome Powell made it clear the central bank will not move on interest rates unless it sees a significant and persistent move in inflation, which has been stubbornly below the Fed’s target. Markets took Powell’s comments as dovish, meaning the Fed is leaning toward an easing policy and keeping interest rates low

Three months before he died, former Federal Reserve Chairman Paul Volcker issued a scathing critique against President Donald Trump and the “movement to undermine Americans’ faith in our government and its policies and institutions.” In an afterword to a paperback release of his autobiography, the legendary former central bank chief called out the president for

Pedestrians pass a GameStop store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop tanked more than 20% during extended trading after the video game retailer reported a large third-quarter earnings miss. GameStop posted a loss of 49 cents per share excluding certain items on

Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters The Federal Reserve is likely to indicate it’s not in a hurry to do anything to change its neutral stand on interest rates, following its meeting Wednesday. But

The Federal Reserve could be launching another round of money-printing in the next few weeks as problems in the overnight lending markets reemerge and force the central bank into more aggressive action, according to a Credit Suisse analysis. A fourth version of quantitative easing — often referred to as “money-printing” for the way the Fed